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chip89
Premium
join:2012-07-05
Independence, OH
Reviews:
·Cox HSI
reply to clone

Re: The post office should cut costs

With out the pensions thing they would of still lost 5.1 billion dollars so there!
»www.cbsnews.com/8301-250_162-575···on-loss/



88615298
Premium
join:2004-07-28
West Tenness

said by chip89:

With out the pensions thing they would of still lost 5.1 billion dollars so there!
»www.cbsnews.com/8301-250_162-575···on-loss/

The pension funding is still 68% of the loss. The $5.1 billion could easily be made up with a 5 cent increase in stamps. Anyone thinking it was smart to fund 75 years worth of pension over 10 years is an idiot. Where does funding the pensions of future workers that aren't even born yet makes sense? I'm glad some guy who won't be born until 2025 already has his pension funded.

tkdslr

join:2004-04-24
Pompano Beach, FL
Reviews:
·T-Mobile US
·Speakeasy
reply to chip89

If you read the article.. It's prefunding of retiree health benefits that's responsible for most of the loss.. to the tune of $11.1 billion..

To me.. it's just another Neocon scam.. to build up another fund, just so they can borrow and spend it..